Certified Annuity Specialist - CAS


DEFINITION of 'Certified Annuity Specialist - CAS'

A certification indicating expertise and commitment to fixed-rate and variable annuities. Individuals with the CAS designation offer clients expert advice in regards to investment opportunities in annuities.

BREAKING DOWN 'Certified Annuity Specialist - CAS'

The CAS designation is issued by the Institute of Business & Finance through a six-module, 60-hour course and requires 15 hours per year of continuing education for the first five years following certification. The course includes an open-book case study as well as a final exam administered by the NASD.

  1. Annuity

    A financial product that pays out a fixed stream of payments ...
  2. Deferred Annuity

    A type of annuity contract that delays payments of income, installments ...
  3. Fixed Annuity

    An insurance contract in which the insurance company makes fixed ...
  4. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
  5. National Association Of Securities ...

    The NASD was a self-regulatory organization of the securities ...
  6. Variable Annuity

    An insurance contract in which, at the end of the accumulation ...
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  1. How liquid are variable annuities?

    Variable deferred annuities and variable immediate annuities are not considered liquid. Variable deferred annuities carry ... Read Full Answer >>
  2. Do variable annuities have RMDs?

    Variable annuities are not subject to required minimum distributions (RMDs) unless they are held in qualified plans, such ... Read Full Answer >>
  3. Can variable annuities be rolled into an IRA?

    Variable annuities are often found in government or nonprofit employer retirement plans such as 403(b) or 457(b) plans. With ... Read Full Answer >>
  4. How do I calculate the future value of an annuity?

    When planning for retirement, it is important to have a good idea of how much income you can rely on each year. There are ... Read Full Answer >>
  5. Are variable annuities protected from creditors?

    Whether your variable annuity is protected from creditors depends on the state in which you live. About three-quarters of ... Read Full Answer >>
  6. Are variable annuities tax deferred?

    Variable annuities are tax-deferred. This means an investor does not pay taxes on the interest income from his annuity until ... Read Full Answer >>

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